Ontario announces new Solvency Funding Framework

May 25, 2017

On May 19, 2017, the Ontario government announced a new defined benefit (“DB”) pension plan funding framework and expanded coverage under the Pension Benefits Guarantee Fund (“PBGF”).

Ontario issues consultation paper on solvency funding reform

Jul 29, 2016

On July 26, 2016, the Ontario Ministry of Finance released a consultation paper on solvency funding reform.

Finance Ministers agree to Canada Pension Plan expansion

Jun 22, 2016

On June 20, 2016, the Federal and Provincial Finance Ministers agreed to expand the Canada Pension Plan (“CPP”).

Bill to restructure university-sector defined benefit pension plans

Nov 12, 2015

Under Bill 75, any pension plan in the university sector that is not a defined contribution or hybrid plan must be restructured by December 31, 2017.

Proposed amendments Bill 3

Oct 6, 2014

Outline of proposed amendments to Bill 3, An Act to foster the financial health and sustainability of municipal defined benefit pension plans